For a better experience please change your browser to CHROME, FIREFOX, OPERA or Internet Explorer.

Escorts tractor gross sales bounce 49% to 9,021 models in January 2021

Agricultural machinery manufacturer Escorts Agri Machinery reported an increase in tractor sales of 48.8 percent to 9,021 units in January 2021 on Monday.

The company had sold 6,063 units in January 2020.

Domestic tractor sales were 8,510 units last month, up from 5,845 units in January 2020, an increase of 45.6 percent, Escorts said in a BSE filing.

Escorts said the tractor market continues to be strong due to positive macroeconomic factors and strong rural cash flows.

“The situation on the supply side is normalizing and is unlikely to be a bottleneck to meet demand. However, rising inflation remains a concern,” the company said.

Exports rose to 511 units last month from 218 units in January 2020.

(Only the headline and image of this report may have been updated by Business Standard staff. The rest of the content is automatically generated from a syndicated feed.)

Dear Reader,

Business Standard has always endeavored to provide updated information and commentary on developments that are of interest to you and have far-reaching political and economic implications for the country and the world. Your encouragement and constant feedback to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these troubled times resulting from Covid-19, we continue to strive to keep you updated with credible news, authoritative views, and concise comments on relevant topics.
However, we have a request.

As we struggle against the economic impact of the pandemic, we need your support even more so we can continue to offer you higher quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. A larger subscription to our online content can only help us achieve our goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support of quality journalism and Subscribe to Business Standard.

Digital editor

Top